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#884
Ventura Restaurants For Sale

American Beer Bar and Eatery

$63,900
American Beer Bar and Eatery
This Listing is Expired
Well established Beer Bar has served the local area for many years.
Serving Draft and Bottled Beers and Freshly prepared Sandwiches,Burgers and other local favorites. Having become a gathering place for the locals to enjoy a game of pool and listen to a jukebox with both the hits from the past and todays favorites.
New owners can capture what has been established with current clientele and bring in your fresh ideas to expand and grow this business.
With a rent of ONLY $1.36 per foot plus CAM charges of $548 make this a very attractive proposition. The lease has 2 years left on current period and a 5 year option available.
So sign the confidentiality agreement to view more details on this Pub.
This is a Stone Path Brokerage Services Inc listing.
Restaurant Broker Stuart Schlosser DRE License #01809021

Lease

Region:
Ventura Restaurants For Sale
Lease Term:
expires Dec. 31, 2009 + one 5 year option
Total Monthly Rent:
$1,358
Security Deposit:
$994

Financials

Last Year's Annual Gross:
$161,303
Last Year's Food Cost %:
38.59
Last Year's Payroll Cost %:
20.51
Last Year's Rent %:
10.10

Operations

Liquor License:
40
# of Part-Time Employees:
5
Hours Open:
Mon to Sun 10am to 11pm
Year Established:
1972
Hood System Type 1:
Yes

Facilities

Indoor Seating:
29
# of Parking Spots:
100
Inside Sq. Ft.:
1,000
Outside Sq. Ft.:
equivalent to 3 parking space

Highlights

  • Type 40 beer-only license allows the sales of beer and malt-liquor beverages and only requires minimum food sales
  • Very low lease of $1.36 per square-foot/mo for this 1000 sq ft facility enables very competitive menu price
  • Rent capped at 3% increase per year which amounts to only $1670.49 in 2014
  • Landlord very motivated in keeping space running continuously as a restaurant
  • Pool table license in place; pool table comes with business
  • 4 TVs and over 4,500 songs in jukebox already in place
  • Strip-mall location supplies ample parking and good traffic

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
No

Demographics

Population 3-mi. 5-mi
2014 Total Population 73,818 111,882
Households 3-mi. 5-mi
2010 Number Of Households 23,533 34,640
2010 Persons Per Household 3.07 3.14
Median House Value $442,800 $469,734
Income Per Household $91,686 $93,415
Businesses 3-mi. 5-mi
2009 Number Of Businesses 1,823 2,572
2012 Number Of Employees 47,522 65,620
2012 Total Annual Payroll $1,017,357,000 $1,372,012,000

click for more demographic info

Disclaimer

Notice: The User (that's you reading this) of this Website understands that Paramount Restaurant Brokers, Inc. ("Broker") or its agent(s) do not audit or verify any above information given to or gathered by Broker or its agent(s) from Seller, our Client, or make any warranties or representations as to its accuracy or completeness of the information provided, nor in any way guarantee future business performance. The User should perform a complete and detailed due diligence on the business and or real estate before buying it.  In some cases, forward looking statements may have been made but these statements are absolutely no guarantees of future performance of the business as each User has differing skills sets to either grow the business or kill the business.  Owning a business is a risky venture, but can also be a rewarding one.  The User of this website is solely responsible to examine and investigate the Business and or real estate, its assets, liabilities, financial statements, tax returns, and any other facts which might influence the User's purchase decision or the price the User is willing to pay. Any decision by User to purchase the Business shall be based solely on User's own investigation and that of User's legal, tax, and other advisors and not that of Broker or its agent(s). Any listing information may change at any time without any notice to User.


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